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Dec 9, 2012
12/12
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ronald reagan and throughout the clinton era. john: george w. bush hired 86,000 more regulators. >> banking is one of the most regulated industries if not the most. the problem was not deregulation but we had a crisis caused by a massive industry in real-estate due to policies to seven everybody encouraged to take out a mortgage. there will intended. they crafted the bill. logic says this will protect us? >> dodd/frank does not end the bailout are too big to fail. john: all this? that is left in here and even encouraged because it implies some banks will be bailed out. >> right. when you say the bank is systemic you say it is an institution to big and important and critical to allow to be left 57 they have labeled them systemic. it shows what happens and white increases the risk. the big banks can borrow money more cheaply because they think the government will bail them out. >> creditors know they will not be bailed out if they fail so they give them money at it cheaper rate. >> jpmorgan chase pays $4 interest but the small bank pays $70 $0.50.
ronald reagan and throughout the clinton era. john: george w. bush hired 86,000 more regulators. >> banking is one of the most regulated industries if not the most. the problem was not deregulation but we had a crisis caused by a massive industry in real-estate due to policies to seven everybody encouraged to take out a mortgage. there will intended. they crafted the bill. logic says this will protect us? >> dodd/frank does not end the bailout are too big to fail. john: all this?...
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Dec 6, 2012
12/12
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when you look at the news today hillary clinton met with the russian foreign minister, syria's biggest ally is russia. if russia tells them you have to calm down they'll calm down. >> you think they're going lower. are you buying or selling oil slide? logon to futuresnow.cnbc.com and vote in our poll, we'll give you the results on our website and while there catch today's show, we have investment guru curtis arlidge of bny mellon and tune in to that and doug cass will reveal how he's playing apple's wild ride today at 1:00 p.m. futuresnow.cnbc.com. >> see you at the top of the hour on cnbc.com. >>> coming up halftime fund managers doing fancy trading to give portfolios a temporary boost and are you, the investor, left holding the bag? jpmorgan's tom lee on track to hit his 2012 s&p target, we'll ask him what's next for the market own your money when halftime comes back. o o. >>> welcome back. will quarter end she nan ganz be hurting your money? some portfolio managers are bidding up stocks the second before a quarter ends, those stocks see temporary pops and the managers can point to b
when you look at the news today hillary clinton met with the russian foreign minister, syria's biggest ally is russia. if russia tells them you have to calm down they'll calm down. >> you think they're going lower. are you buying or selling oil slide? logon to futuresnow.cnbc.com and vote in our poll, we'll give you the results on our website and while there catch today's show, we have investment guru curtis arlidge of bny mellon and tune in to that and doug cass will reveal how he's...
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Dec 7, 2012
12/12
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we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get back hooked in. howard, what about the notion that i'm posing tonight -- i've said this a few times -- republicans better be careful. they're not going down your road and the democrats aren't going down your road. you have middle class tax cuts for the democrats and it sometimes sounds to me as an old reagan conservative that the republicans better watch themselves because sometimes it sounds like they are kind of defending rich people. that's their whole mantra, just defending rich people. and i think that's not where they should be. >> i would agree. if i were politically advising the republicans, which i'm certainly not, i think tom colts
we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get back hooked in. howard, what about the notion that i'm posing tonight...
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Dec 2, 2012
12/12
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ben's father vinod is an old friend of the clintons'. over the years, he's donated thousands of dollars to theirs and other democratic campaigns. and over time the families became close friends. >> ben, a beautiful man with a beautiful life. some people live four times as long and don't do as much good or bring as much joy. >> why did you decide to call me? >> i called you in desperation. i wanted to know what to do. i just knew that somebody needed to do something, but that's why i called you. i thought you -- a, i knew you'd care about it. and, b, i thought you'd know something about it. >> i could tell in your voice that you were pretty broken up. what kind of kid was he? >> a light shined out of him. that's all i can tell you. he grew up, he was big, strong, handsome, smart and wanted to make something of his life. he was industrious, but he was normal and liked to have a good time. i promise you that night he had no idea that he was turning out the lights. none. and if it's true of him, it's got to be true of a lot of other people.
ben's father vinod is an old friend of the clintons'. over the years, he's donated thousands of dollars to theirs and other democratic campaigns. and over time the families became close friends. >> ben, a beautiful man with a beautiful life. some people live four times as long and don't do as much good or bring as much joy. >> why did you decide to call me? >> i called you in desperation. i wanted to know what to do. i just knew that somebody needed to do something, but that's...
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Dec 9, 2012
12/12
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we'll talk with former republican senator it alan simpson, and clinton white house chief of staff, erskine bowles, who chaired the first deficit reduction commission. they're concerned about the dangers ahead. so concerned that simpson took to the dance floor to urge young people to get involved. we'll also get the take of rising democratic star cory booker, the mayor of newark. what's his answer to the washington gridlock? and is he planning a run for governor against chris christie. for analysis, we'll turn to joe klein of "time" magazine. "washington post" columnist michael gerson, and our own norah o'donnell and major garrett, our chief white house correspondent. it's all ahead on "face the nation." captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. >> schieffer: good morning, again. well, to the famous combos of modern life, from mac and cheese, peanut butter and jelly, rum and coke, bread and butter, and salt and pe pepper, add one more pair simpson-bowles. alan simpson may be in wyomingy and erskine bowles in north carolina but you can't m
we'll talk with former republican senator it alan simpson, and clinton white house chief of staff, erskine bowles, who chaired the first deficit reduction commission. they're concerned about the dangers ahead. so concerned that simpson took to the dance floor to urge young people to get involved. we'll also get the take of rising democratic star cory booker, the mayor of newark. what's his answer to the washington gridlock? and is he planning a run for governor against chris christie. for...
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Dec 9, 2012
12/12
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they'll have another clinton step up? further more, the democratic party is split. 17% of them are extremely lib rals and the rest of them are centrists. the senators that are running are centrists. the ones that just got elected with centrists. >> she bridges that divide right now. >> what's happened is, the extreme liberals, i guess i talk to a lot of those guys, they're also pragmatic. they would see hillary clinton as someone who could continue to make incremental progress toward what they want. >> i do think -- the whole race of 2016 pivots off of her. it will pivot off of her. republicans are going to pivot off of what she does. this is a moment where we're going to have a dominant woman candidate for president. whether hillary clinton runs or not, another woman is going to run. washington is in dire need of women leadership. this country would be served well, whether it's hillary or someone else, a woman candidate emerged. >> junior senator from new york will be that woman who's now occupying hillary's seat. >> and
they'll have another clinton step up? further more, the democratic party is split. 17% of them are extremely lib rals and the rest of them are centrists. the senators that are running are centrists. the ones that just got elected with centrists. >> she bridges that divide right now. >> what's happened is, the extreme liberals, i guess i talk to a lot of those guys, they're also pragmatic. they would see hillary clinton as someone who could continue to make incremental progress...
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Dec 3, 2012
12/12
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hillary clinton was not clear about what the red line would be? >>reporter: that is right. for the talk about a "red line" is seen as crossing, officials are being vague about the actions by the americans that it would trigger. >> we think it is important to prepare if contingency planning. we are actively consulting with friends, and allies and the opposition. i would not want to speculate what actually might happen. >>reporter: the sites where certain president bashar al-assad stores and maintains the stockpiles of chemical weapons and their related components are broadly speaking, known to american intelligence agencies much the step up movement at the locations was first reported by "new york times" and senior officials confirmed it to fox news and added "we don't know if the scenes plan to use them but there are troubling signs." the real fear on the part of the obama white house specifically is that assad, having failed to stop the two year uprising using conventional military means and having killed an estimated 40,000 people in the process, could now turn to weapons
hillary clinton was not clear about what the red line would be? >>reporter: that is right. for the talk about a "red line" is seen as crossing, officials are being vague about the actions by the americans that it would trigger. >> we think it is important to prepare if contingency planning. we are actively consulting with friends, and allies and the opposition. i would not want to speculate what actually might happen. >>reporter: the sites where certain president...
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Dec 2, 2012
12/12
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we are proposing to let the rates go back to clinton levels. that was a time of remarkably good economic growth in the country. strong private investment, strong job growth and strong growth in next. it was a good time for the american economy. makes a lot of sense. but in addition to that we propose to limit deductions for the top two percent of americans as well. we are willing to work with republicans on tax reform to create a more simple and fair system but only part of an agreement that has the rates go back up at the end of the year. >> 39.6%? >> and the reason eye why -- >> i understand the reason why. >> if you don't do that, you have to ask yourself where, whose taxes are you going to raise? where are you going to fine the money to bring a balanced plan in place that reduces our long-term deficit? >> how does that go for the economy if we go over the cliff? >> the american economy? >> yes. >> it would be very damaging. there's no reason it should happen. the only reason it would happen is if a group of members of congress decide they a
we are proposing to let the rates go back to clinton levels. that was a time of remarkably good economic growth in the country. strong private investment, strong job growth and strong growth in next. it was a good time for the american economy. makes a lot of sense. but in addition to that we propose to limit deductions for the top two percent of americans as well. we are willing to work with republicans on tax reform to create a more simple and fair system but only part of an agreement that...
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Dec 8, 2012
12/12
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what was so bad about the 39.6% highest rate under bill clinton? the economy was pretty good under bill clinton and that grumbling from democrats, i think, will be helpful to, ironically, republicans because a lot of republicans on the right are going to be saying to boehner, we had pledged to grover norquist no tax increase at all and here you are, agreeing to what is effectively, a tax increase. and i think that both sides are going to have to give a little bit of something. and that 37% may be the golden median. >> doug, let's talk about the unemployment report that came out. it shows 7.7% unemployment. you know, i know a lot of democrats want to say, oh, it's dropping, but it seems to me for months and months and months, the unemployment numbers have just remained awful. they move a little up and down, but they're just a mess. 12 million people unemployed. it seems to me that that could cut either way. republicans could still lean on that and say, you may be winning the pr war on this thing right now. but don't forget, you've got a big problem
what was so bad about the 39.6% highest rate under bill clinton? the economy was pretty good under bill clinton and that grumbling from democrats, i think, will be helpful to, ironically, republicans because a lot of republicans on the right are going to be saying to boehner, we had pledged to grover norquist no tax increase at all and here you are, agreeing to what is effectively, a tax increase. and i think that both sides are going to have to give a little bit of something. and that 37% may...
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Dec 3, 2012
12/12
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does he insist on raising the top rate from 35% all the way up to the clinton rate of 39.6%, or would he compromise on something lower, like 37%? is that negotiable. >> we will not extend an extension of the tax rates for the top 2%, we think they should go back and need to go back to clinton levels and let me explain why. >> chris: i just -- to answer my question, specifically, you are saying nonnegotiable, 39.6%. >> we think that is the way to do it. if you don't do that, it costs a trillion dollars, roughly a trillion dollars over ten years. >> chris: not if you went to 37%. >> again, but you are -- >> that is one of the ideas, out there, sir, i'm not making it up. >> that is out there, and again we are proposing to let the rates go back to clinton levels and that was a time of remarkably good economic growth, in the country. strong private investment, and strong job growth, strong broad-based growth in incomes, and, it was a good time for the american economy and in addition we propose to limit deductions for the top 2% of americans as well and are willing to work with republicans
does he insist on raising the top rate from 35% all the way up to the clinton rate of 39.6%, or would he compromise on something lower, like 37%? is that negotiable. >> we will not extend an extension of the tax rates for the top 2%, we think they should go back and need to go back to clinton levels and let me explain why. >> chris: i just -- to answer my question, specifically, you are saying nonnegotiable, 39.6%. >> we think that is the way to do it. if you don't do that, it...
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Dec 5, 2012
12/12
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tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger package, but i agree with you. i think we have to get serious about these spending cuts. i just applied for social security and i want mine. >> all right. rich, appreciate it. eric, thanks. let us know what you think. follow me on twitter. i'm tweeting tonight. >>> just ahead, 21 months after bashir al assad began killing his own people, the fighting is raging in syria. the rest of the world may finally be convinced things are critical there. senator john mccain is asking what took so long. more from him ahead. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd
tax rates in a heartbeat if i could get the clinton spending rates. but neither side wants to talk about spending. it's not a deal to me if they're not going to talk about spending. >> i agree with you, eric. i think you're right. i wrote about that, too. but i think the president now, he's sort of signaled that he may be looking for some wiggle room here. later this afternoon he said that he wanted the tax rate cut now and he would be happy to look at lowering them again in a bigger...
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Dec 3, 2012
12/12
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the president needs to take a page out of president bill clinton -- >> he's in philadelphia with the middle class behind him and nodding and saying, i've got a pen, i've got a pen. i've still got a pen, i've still got a pen. >> president obama owes president clinton a great deal for helping him get elected. number one, we need a meaningful citizen education engagement effort with the white house in formada, next year to build the case for a grand bargain. the official version of what i did and what my colleagues did over the last several months and we need congressional hearings that will set the stage for tax reforms, social security reform and the president needs to negotiate privately and have discussions with congressional leaders of both parties privately. those three things can get us to the promt promise land. and without all three of those, we're in trouble. >> but, david, that is exactly what was supposed to happen between july of 2011 and today. and guess what? none of it has happened. none of it. we're having the same conversation. >> you know what? >> only the president c
the president needs to take a page out of president bill clinton -- >> he's in philadelphia with the middle class behind him and nodding and saying, i've got a pen, i've got a pen. i've still got a pen, i've still got a pen. >> president obama owes president clinton a great deal for helping him get elected. number one, we need a meaningful citizen education engagement effort with the white house in formada, next year to build the case for a grand bargain. the official version of...
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Dec 4, 2012
12/12
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we need to go back to the clinton era rates for the most well off americans. it's not going to kill us. the line between freedom and tyranny is not the 35 we pay now and the 39 that the rich will pay as we did when america was a communist paradise. it's just silly now. you've got to be for a tax rate increase or we will go over this fiscal cliff. >> no, you don't. you could raise from a carbon tax of $20 a ton, which will deal with, we are having the biggest record carbon levels. you could raise -- at 4% a year over the next ten year, twice as much as you could from allowing the bush tax rates to lapse. why the income tax system is overburdened in the united states. we use it too much. we should be looking at other taxes. we can't do it in 29 days. why are we doing it in 29 days? >> but the president ran on >> the republicans must agree to higher tax rates on well off americans. all the way to the 39.6 that the president, they have to. that's the ticket for admission because the president won the election and campaigned on that. the democrats are going to have
we need to go back to the clinton era rates for the most well off americans. it's not going to kill us. the line between freedom and tyranny is not the 35 we pay now and the 39 that the rich will pay as we did when america was a communist paradise. it's just silly now. you've got to be for a tax rate increase or we will go over this fiscal cliff. >> no, you don't. you could raise from a carbon tax of $20 a ton, which will deal with, we are having the biggest record carbon levels. you...
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Dec 8, 2012
12/12
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the same rate we had when bill clinton was president. we have to ask you and me and the wealthiest among us to go back to the clinton rates for income above $250,000. >> the clinton tax rates, we need to go back. that's not a generic policy idea. that's really specific. the clinton tax rate for high income earners was 39.6%. that's what president obama was calling for during the campaign. that's still what president obama is calling for now. but now when you ask him if that's the red line, if it you ask if he will accept anything else, he doesn't really answer. >> tax rates. are you -- is there no deal at the end of the year if tax rates for the top 2% aren't the clinton tax rates, period. no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't in
the same rate we had when bill clinton was president. we have to ask you and me and the wealthiest among us to go back to the clinton rates for income above $250,000. >> the clinton tax rates, we need to go back. that's not a generic policy idea. that's really specific. the clinton tax rate for high income earners was 39.6%. that's what president obama was calling for during the campaign. that's still what president obama is calling for now. but now when you ask him if that's the red...
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Dec 4, 2012
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in fact from kennedy to reagan to clinton to w. bush lower tax rates frequently increased tax revenues, particularly at the upper end of the income stream. so here now to discuss this we have cnbc contributor keith boykin a former clinton white house aide and forbes media chairman steve forbes author of freedom manifesto, why free markets are moral and big government is not. love that. hey steve and keith. keith boykin i'll give you a little supply side. you'll hate this. this couples from the irs. the irs is going to use the bush cut, the dreaded bush tax cuts. the richest 1% paid $84 billion inflation adjusted dollars more between 2000 and 2007. that's a rise of 23%. in other words, their tax rates went down. and their tax revenues went up. now, isn't mr. obama making a mistake? >> well, the rich are paying more in taxes because the rich are disproportionately receiving most of the income in this country. the reality, larry, is that in my lifetime we've actually only raised income tax rates three times. once in 1969 to pay for th
in fact from kennedy to reagan to clinton to w. bush lower tax rates frequently increased tax revenues, particularly at the upper end of the income stream. so here now to discuss this we have cnbc contributor keith boykin a former clinton white house aide and forbes media chairman steve forbes author of freedom manifesto, why free markets are moral and big government is not. love that. hey steve and keith. keith boykin i'll give you a little supply side. you'll hate this. this couples from the...
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i'm not saying they'd do every detail. >> so was gingrich and clinton. >> and clinton and gingrich evolved into that kind of relationship. and i must say the president has done a poor job. he did a poor job last year and he's done a poor job this year. two days after the election, boehner came up with a tax revenue plan. very controversial in his party. he said, let's cap deductions and loopholes and leave the race alone because that help growth. that was $800 billion. it shocked a lot of republicans. and he got nothing. he got, you know, nothing from obama. and i think that started the bad blood. and i think the president -- >> good point. they both got to learn the art of negotiation. >> we haven't heard from democrats in the senate. i'm going to guarantee you that the democrats in the senate are going to be split on this business of who's rich and what the right tax rates are going to be. >> i have to leave it there, chaps. nick, larry, thank you both much, indeed. >>> coming up next, kerry kennedy joins me about fame, politics and most important of all, taylor swift.ta alka-seltzs cold
i'm not saying they'd do every detail. >> so was gingrich and clinton. >> and clinton and gingrich evolved into that kind of relationship. and i must say the president has done a poor job. he did a poor job last year and he's done a poor job this year. two days after the election, boehner came up with a tax revenue plan. very controversial in his party. he said, let's cap deductions and loopholes and leave the race alone because that help growth. that was $800 billion. it shocked a...
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Dec 10, 2012
12/12
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WBAL
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i mean, if their competitor in '16 is going to be hillary clinton, supported by bill clinton and presumably a still relatively popular president barack obama, trying to win that will be truly the super bowl. and the republican party today is incapable of competing at that level. and it's part of this cultural thing with our consultants. you start out thinking giving away 47% of the country, by the way, which included retirees, veterans. you know, it was an absurdity. and i think this is much more than mitt romney. we didn't blow it because of mitt romney. we blew it because of a party which has refused to engage the reality of american life and refused to take -- to think through what the average american needs for a better future. >> but recall what you said about 1964. in december 1964, lyndon johnson was re-elected. goldwater was finished. it was the end of the republican party. and at the end, the republicans nominated a man named richard nixon. and he became president. unthinkable. >> so you can have a tcampaign between hillary clinton and jeb bush, representing 36 years of bushes on n
i mean, if their competitor in '16 is going to be hillary clinton, supported by bill clinton and presumably a still relatively popular president barack obama, trying to win that will be truly the super bowl. and the republican party today is incapable of competing at that level. and it's part of this cultural thing with our consultants. you start out thinking giving away 47% of the country, by the way, which included retirees, veterans. you know, it was an absurdity. and i think this is much...
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Dec 10, 2012
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we always talk about the 1993 income tax of president clinton, and the top tax rate was 39.6%. threshold, $250 thud. so flash forward from 1993 to present, okay. well let me tell you something, there is this little thing called inflation. i know this might be nitpicking. but $250,000 today well, started out if you want to be apples to apples would be about $165,000 then. in other words, we are not adjusting even for inflation. so, if we're talking about $250,000 today being the same as then, we're wrong. it would be $165,000. so the point is, is that the difference between these two is $85,000. okay? is a 35% miss when it comes to being honest about it. oh, even worse let's take this. how many times, of course you've heard a million times, taxes on million favors and billionaires, even though, and i know this is adjusted, okay, but let's just keep it $250,000. well, 250 grand isn't a million. so it's off by 750-k over 1 million. okay? so, in essence, what we're doing is we're off on this one by 75%. we're off by 35% and 75%. so why am i doing this? because i'll tell you what, m
we always talk about the 1993 income tax of president clinton, and the top tax rate was 39.6%. threshold, $250 thud. so flash forward from 1993 to present, okay. well let me tell you something, there is this little thing called inflation. i know this might be nitpicking. but $250,000 today well, started out if you want to be apples to apples would be about $165,000 then. in other words, we are not adjusting even for inflation. so, if we're talking about $250,000 today being the same as then,...
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Dec 2, 2012
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clinton 4% growth. more than 4% and reagan chose to that. that buoyed public sentiment that helped their approval ratings throughout enormous revenues that they could use. if obama gets a recession in the second term after the slow growth of the first term, he's dead in the water. he can't afford that. >> yes, but ball there's a whole economic school, we call it keynesian, which says that when the economy is slow and not growing, government has to step in and play the role of the engine of growth, by spending money. this is something that the democrats believe in religiously, and they think that the only way to get the economy growing again is to spend a lot of money from the government. that's where the problem comes in. >> all right. when we come back. as he prepares for a second term. president obama faces the prospect of assembling a whole new national security team. a closer look who could fill the top post and a preview of the controversies to come next. ♪ [ male announcer ] the way it moves. the way it cleans. everything about the o
clinton 4% growth. more than 4% and reagan chose to that. that buoyed public sentiment that helped their approval ratings throughout enormous revenues that they could use. if obama gets a recession in the second term after the slow growth of the first term, he's dead in the water. he can't afford that. >> yes, but ball there's a whole economic school, we call it keynesian, which says that when the economy is slow and not growing, government has to step in and play the role of the engine...
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Dec 9, 2012
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would you accept returning to the clinton rate of 39.6%? or, would you accept something, perhaps, a mid point, 37% or starting with people who make $500,000, rather than 250? >> well, chris, there is a growing group of folks, that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. i mean, we have one house, that is it. the presidency and the senate, is in the democrats' hands, and a lot of people are putting forth a theory and i actually think it has merit where you go ahead and give the president the 2% increase, that he is talking about, rate increase on the top 2% and all of a sudden the shift goes back to entitlements, and all of a sudden once you give him the right on the top 2%, it is actually much lesser tax increase than what he has been talking about, the focus then shifts to entitlements and maybe it puts us in a place where we actually can do something that really saves the nation, so, there is a growing body, i actually am beginning to believe that is the best rout
would you accept returning to the clinton rate of 39.6%? or, would you accept something, perhaps, a mid point, 37% or starting with people who make $500,000, rather than 250? >> well, chris, there is a growing group of folks, that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. i mean, we have one house, that is it. the presidency and the senate, is in the democrats' hands, and a lot of people are putting forth a theory...
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however, i think if we fall to the clinton era tax rates, i'm okay with that. i think that e we ought to have some wiggle room on the tax rates because i think the country wants us to compromise. so there's compromise space there, but make no mistake, we're not going to compromise away the upper end tax rates. that's on the table. it will stay on the table. that's what the american people are asking for. >> congressman, great to have you with us tonight on "the ed show." appreciate your time. remember to answer tonight's question. share your thoughts on twitter and on facebook. we always encourage you and want to know what you think. >>> coming up, mitch mcconnell filibusters his own bill in the senate. bernie sanders joins us to talk about what that means for the future. >>> and fiscal cliff talks. stay with us. you're watching "the ed show" on msnbc. low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their resp
however, i think if we fall to the clinton era tax rates, i'm okay with that. i think that e we ought to have some wiggle room on the tax rates because i think the country wants us to compromise. so there's compromise space there, but make no mistake, we're not going to compromise away the upper end tax rates. that's on the table. it will stay on the table. that's what the american people are asking for. >> congressman, great to have you with us tonight on "the ed show."...
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a former president clinton adviser says that this could move up the clock for the president. we'll have more coming up next. sometimes what we suffer from is bigger than we think ... like the flu. with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for treating the flu in adults and children one year and older whose flu symptoms started within the last two days. before taking tamiflu tell your doctor if you're pregnant, nursing. have serious health conditions, or take other medicines. if you develop an allergic reaction, a severe rash, or signs of unusual behavior, stop taking tamiflu and call your doctor immediately. children and adolescents in particular may be at an increased risk of seizures, confusion or abnormal behavior. the most common side effects are mild to moderate nausea and vomiting. the flu comes on fast, so a
a former president clinton adviser says that this could move up the clock for the president. we'll have more coming up next. sometimes what we suffer from is bigger than we think ... like the flu. with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription...
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. >> secretary of state clinton is in brawls attending the nato foreign minister session. she emphasized that the patriot system being deployed to turkey are not meant to destabilize the already uneasy relationship with russia as the spokesman at home urged now to join the international community in helping to ease bashar al-assad. >>shepard: thank you from the state department. that is the reporting. now the context and perspective. now to the director of the program on arab politics at the washington institute for near east policy a "american bandstand" group of scholars whose mission is to advance america's interests overseas. how big a move is this movement of chemical weapons? what does it tell us in the big picture? >>guest: it is very significant. it highlights the desperation of assad regime, the fact he is mixing the recursors of sarin gas, that is a scare tactic for us to keep us out of it, and, also, warning the people of syria he could be prepared to use these if he is brought down. >>shepard: based on what the united states has said and not said or done, what
. >> secretary of state clinton is in brawls attending the nato foreign minister session. she emphasized that the patriot system being deployed to turkey are not meant to destabilize the already uneasy relationship with russia as the spokesman at home urged now to join the international community in helping to ease bashar al-assad. >>shepard: thank you from the state department. that is the reporting. now the context and perspective. now to the director of the program on arab...
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you can't return to clinton prosperity only raising taxes on 2%. it's different for all taxpayers. am i right? >> you're almost entirely wrong. >> why would raising just on the 2% get us back to the clinton prosperity you're talking about? we can't return to the spending levels either. >> getting to a sound fiscal position is necessary to protect the economy. if we don't do that, as this economy recovers, that recovery is going to be aborted and that's going to do damage. then the question is how you get there, and the president believes that we should raise revenues with a tax system that has been proven in the past to go along with very substantial -- >> you can't conflate the two. you have the entire -- >> joe, joe, if you go back to this, i'm not sure what you're arguing. >> raising on 2% is different than the other structure. >> the reason it's different is that the tax rate on everybody else is going to be lower. >> right. so you don't have nearly as much money to balance the budget in the '90s. >> many other things have changed in the interim and we have set as a framework a
you can't return to clinton prosperity only raising taxes on 2%. it's different for all taxpayers. am i right? >> you're almost entirely wrong. >> why would raising just on the 2% get us back to the clinton prosperity you're talking about? we can't return to the spending levels either. >> getting to a sound fiscal position is necessary to protect the economy. if we don't do that, as this economy recovers, that recovery is going to be aborted and that's going to do damage. then...
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saying, point-blank, they want a it would two-step process for tax reform, raise the top 2% to the clinton levels now. and let next year be a time for negotiating rates for the future and maybe everybody could lower the rates for everyone during that time. >> dana, how much of this do you think is just public posturing and kind of bloviating on cable channels? it does seem like there's a lot of that going on. >> reporter: so much of that is public posturing and bloviating. but i think the difference between now and what we've seen in past high-stakes negotiations like this, you have the public posturing, the bloviating and the, okay, guys, let's roll up our sleeves and talk about what's really going on. by all accounts, that's not happening right now. just like you said, the fact you said it's news the president and speaker had their first phone conversation which got nowhere in a week is really amazing. and it speaks to the lack of the real conversations going on behind the scenes. i will say that, you know, back to what david and jessica were saying, david particularly, about the fact th
saying, point-blank, they want a it would two-step process for tax reform, raise the top 2% to the clinton levels now. and let next year be a time for negotiating rates for the future and maybe everybody could lower the rates for everyone during that time. >> dana, how much of this do you think is just public posturing and kind of bloviating on cable channels? it does seem like there's a lot of that going on. >> reporter: so much of that is public posturing and bloviating. but i...
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it's a simple question, as president clinton said, of arithmetic. arithmetic. you can't get from here to there unless you raise the rates. >> so guys, that's where we are as of this morning, and now what everyone's waiting for is which side will make a concrete proposal here that actually includes some concessions? back to you. >> joining us from washington, d.c., jake sherman, congressional reporter for politico. who is going to make some honest concessions first? >> what eamon said is absolutely right. this comes down to one thing, whether republicans are willing to raise marginal income tax rates on americans. they're saying they're willing to raise revenue, but president obama has one criteria in this debate and that's raising income rates on all americans. right now, the sides are in their two corners on this and nobody is moving. so we're really only a couple weeks out and there's this huge gap, and eamon was right in another aspect. there is this brush fire of conservative lawmakers who don't want to raise revenue at all. so this is a huge problem for sp
it's a simple question, as president clinton said, of arithmetic. arithmetic. you can't get from here to there unless you raise the rates. >> so guys, that's where we are as of this morning, and now what everyone's waiting for is which side will make a concrete proposal here that actually includes some concessions? back to you. >> joining us from washington, d.c., jake sherman, congressional reporter for politico. who is going to make some honest concessions first? >> what...
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that is what bill clinton is saying. he told an audience in sacramento that all the warnings of bloom and doom are political theater. quote now, the american people people are going to be sick when they watch it. it's just a kabuki dance, two dogs meating each other over a piece of meat they are sniffing each other out, end quote. always colorful. is that what is going on? >> reporter: there's been a lot of sniffing here in washington. i don't know if they like what they are spelling down here on either side on the deal. yeah, people have been describing it like that, some people said it's like a scorpian dance, you know, they are kind of stalking each other and waiting to get in that room and make the deal. erskine bowles said something similar that, both sides can't really talk about what it's going to be, because they would get pummeled by the base if either side really knew what they are going to in the end agree to. that is the hopeful optimistic side that a deal will be reached. there is another side that says, thi
that is what bill clinton is saying. he told an audience in sacramento that all the warnings of bloom and doom are political theater. quote now, the american people people are going to be sick when they watch it. it's just a kabuki dance, two dogs meating each other over a piece of meat they are sniffing each other out, end quote. always colorful. is that what is going on? >> reporter: there's been a lot of sniffing here in washington. i don't know if they like what they are spelling down...
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. >> foremost is who will replace hillary clinton as secretary of state? the white house signaled that un ambassador susan rice will be the choice . this week, the president voiced ut most confidence in her. >> susan rice is extraordinary . couldn't be prouder of a job done. >> also this week another republican senator expressed major doubts about rice not only about the bengazi terrorist attack but because of the africa section during the terrorist attack in the embassy in kenya when they pled for better security. susan collins teled the message to the administration about the secretary of state opening. >> i think john kerry would be an excellent appointment and easily confirmed by the colleagues. >> there are other key cabinet picks. secretary of the defense will have to contend with a destabilized middle east and rising threats from asia when big defense cuts are anticipated. former republican chuck ha gel of nebraska and ashton carter and michelle florinoid . act being director michael more accident orell . homeland security advisor michael vickers an
. >> foremost is who will replace hillary clinton as secretary of state? the white house signaled that un ambassador susan rice will be the choice . this week, the president voiced ut most confidence in her. >> susan rice is extraordinary . couldn't be prouder of a job done. >> also this week another republican senator expressed major doubts about rice not only about the bengazi terrorist attack but because of the africa section during the terrorist attack in the embassy in...
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when he talked about the popularity of bill clinton. that's not because of the color of clinton's eyes or the cut of his suit suits, that's bought cn had real economic growth that benefited most people. you have to keep your eye on that prize. what is going to be our answer as republicans to the party of raising living standards for most people. >> we have no idea what's going to happen between now and 2016. the world could change for all we know. the economic situation would change dramatically. we have no way of knowing. but it's fun to talk about the possibility of hillary clinton running for president -- >> i'm excited about the prospect that she might run again. >> are you surprised the president once again today went to michigan? it looked like a campaign rally. he's out there campaigning now for his position on the fiscal cliff and also campaigning against the anti-union vote that's coming up tomorrow in michigan. >> he certainly owes organized labor. and obviously if you're a democratic president and there's a ballot like this,
when he talked about the popularity of bill clinton. that's not because of the color of clinton's eyes or the cut of his suit suits, that's bought cn had real economic growth that benefited most people. you have to keep your eye on that prize. what is going to be our answer as republicans to the party of raising living standards for most people. >> we have no idea what's going to happen between now and 2016. the world could change for all we know. the economic situation would change...
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the president's been very careful not to say we have to go up to the clinton-era 39.6%. he hasn't used that number. and so he's -- you know -- >> right now it's 35%. >> right now it's 35%. so if you look in the middle, okay, 37% is a real possibility. but here's the caveat. john boehner, the house speaker, cannot take a rate increase to his caucus unless it is accompanied by some signal of real entitlement cuts. something that they do now and give a down payment on for the future. i don't think you get -- could get rates through unless the president gave a little bit. and if you look at the document from the grand bargain back in july of 2011, the president was willing to give on that. so we'll have to see if they can get back to that. but again, has to be one significant item that they know they'll be able to build upon in the future. an item from both sides. >> neither side's going to be thrilled. but they've got to compromise. >> that's the way life usually works, doesn't it? >> certainly does. thank you. >>> meanwhile, huge announcement today on capitol hill. the con
the president's been very careful not to say we have to go up to the clinton-era 39.6%. he hasn't used that number. and so he's -- you know -- >> right now it's 35%. >> right now it's 35%. so if you look in the middle, okay, 37% is a real possibility. but here's the caveat. john boehner, the house speaker, cannot take a rate increase to his caucus unless it is accompanied by some signal of real entitlement cuts. something that they do now and give a down payment on for the future. i...
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to go back to the clinton era rates. you get rid of three quarters of the deficit just on tax increases at that point. >> and he says you get defense cuts. >> you can't get defense cuts any other way. and he's not the only one. there's a lot of people on the left and there's quite a few people on the right. i'm glad you're optimistic and a lot of ceos and guys in your position -- if you run a company, you don't need consumers petrified and business people petrified. this is the last thing we need if you run a company. i understand you have a horse in the game. >> but you also have the double trigger. if you go over the cliff, we've got the debt ceiling fight right afterwards. it's not like that's six months down the line. that's in if first month, six weeks of the new year. >> the other thing, depending on where you stand, the idea that we just get rid of congressional approval of the debt ceiling at all, which is that ludicrous proposal that was in the president's plan. that's not -- and would you really want that? woul
to go back to the clinton era rates. you get rid of three quarters of the deficit just on tax increases at that point. >> and he says you get defense cuts. >> you can't get defense cuts any other way. and he's not the only one. there's a lot of people on the left and there's quite a few people on the right. i'm glad you're optimistic and a lot of ceos and guys in your position -- if you run a company, you don't need consumers petrified and business people petrified. this is the last...
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we have good news for hillary clinton. if she decides to run for president in 2016, 57% of those polled by abc news and the washington post said they would support clinton. 37% said they would not support her candidacy. in addition -- in addition, the poll shows an overwhelming majority of women surveyed 66% would back her. only 47% of men would, roland. >> she wants some rest. she's been traveling four years. give her two years. my god! >> you just never know. >> she wants to rest for two years. my goodness. >> when she's done with the nap or whatever, the vacation or the spa -- >> can we get to the inauguration before we go to the '16? >> i vote for that. >>> doctors and lawyers have to take tests before they can start practicing. what about people who educate our kids? we'll talk to aft, american federation of teachers president, randi weingarten, for teachers to take bar-like exams. and select generic hypertension drugs available for only a penny... so you can focus on what really matters. call humana at 1-800-808-4003
we have good news for hillary clinton. if she decides to run for president in 2016, 57% of those polled by abc news and the washington post said they would support clinton. 37% said they would not support her candidacy. in addition -- in addition, the poll shows an overwhelming majority of women surveyed 66% would back her. only 47% of men would, roland. >> she wants some rest. she's been traveling four years. give her two years. my god! >> you just never know. >> she wants to...
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according to "the new york times," blook called clinton to encourage her to run for mayor in 2013. the call reportedly took place months ago and hillary said thanks but no thanks. this comes as a recent headline from the new yorker editor david riddick declared hillary is running. he reads that conclusion after witnessing secretary clinton as a main speaker at a conference in washington this weekend where he says a slickly produced film on her political career ran like an international endorsement four years in advance of the iowa caucus. >> okay. new jersey governor chris christie is asking for 100% reimbursement from the federal government for the costs of emergency response the state faced in the wake of hurricane sandy. christie said in a letter to fema that the economic damage in his state could top $40 billion. he also plans to couple to washington to press his case later this week. both christie and new york governor andrew cuomo are asking for full compensation for their state's efforts. the white house is also expected to ask for more money. >>> and just one month after th
according to "the new york times," blook called clinton to encourage her to run for mayor in 2013. the call reportedly took place months ago and hillary said thanks but no thanks. this comes as a recent headline from the new yorker editor david riddick declared hillary is running. he reads that conclusion after witnessing secretary clinton as a main speaker at a conference in washington this weekend where he says a slickly produced film on her political career ran like an...